CUNA, in conjunction with NASCUS, conducted its annual BSA Conference last week, providing nearly 300 attendees with the latest information on BSA, anti-money laundering and Office of Foreign Assets Control compliance issues.
As a method of payment, Bitcoin ($289 million) has already surpassed daily usage of Western Union ($216 million) and is fast approaching Discover ($299 million), but there are many unknowns for financial institutions.
Attendees at the CUNA/National Association of State Credit Union Supervisors Bank Secrecy Act Conference heard the latest information from federal agencies including the National Credit Union Administration, U.S. Treasury’s Financial Crimes Enforcement Network and Office of Foreign Assets Control.
When personal information is stolen by cybercriminals where does it go? CUNA/National Association of State Credit Union Supervisors Bank Secrecy Act Conference attendees got a glimpse into that world Wednesday, a glimpse into the cyber black market.
Hard up for money in her native Hungary, Timea Nagy decided in 1998 to take a job offer in Canada that seemed like a great deal. But that deal quickly turned into a nightmare as upon arrival Nagy was forced into sex slavery for 3 1/2 months before she escaped.
Cash for gold, virtual currencies and nonprofit charity abuse have emerged in the last year to become some of the top threats to anti-money laundering/combating the financing of terrorism efforts worldwide.